NFL sets 2018 salary cap at $177.2 million

Well, it'll actually be another week before free agency kicks off, but NFL clubs were notified Monday evening that the 2018 salary cap has been set at $177.2 million, NFL Media's Mike Garafolo first reported.

That's a $10 million jump from the 2017 number ($167 million) but not quite the spike that we saw from 2016-17, when it went up more than $12 milion.

The figure is negotiated by the NFL and NFLPA.

The 2018 league year, which begins March 14, marks the second year of the four-year rolling average in which clubs must spend a cash minimum of 89 percent of the cap and the league-wide cash minimum must meet 95 percent of the total cap amount.